Skip to comments.State Considers Bringing Gold Home
Posted on 03/24/2013 8:55:40 PM PDT by Smittie
Texas has $1B in physical gold
Governor Perry is showing support for a bill to bring home rare and precious metals the state already owns.
Republican Rep. Giovanni Capriglione of Southlake introduced House Bill 35-05. It would create the Texas Bullion Depository, which would house the physical gold bars the state owns.
The Texas Tribune reports the state has a billion dollars in physical gold, which is owned by the University of Texas Investment Management Company.
The gold is currently stored in the Federal Reserve Bank of New York.
"If we can securely store this gold in Texas and do it at a lower cost to the state than where it is currently stored then we should take a look at that," the Governor said in a statement from his press office to KXAN on Friday. "Number one priority is that it is securely stored."
(Excerpt) Read more at kxan.com ...
X-ray every bar looking for tungsten...
Good luck on that. Even the Germans can’t get their gold back within twenty years.
Gold? What gold??? Bwahahaha...
Why am I picturing Obama detouring by Ace hardware on his way back to the White House from Israel to pick up a can of gold spray paint?
Damn, when the SHTF you do NOT want Ben Bernanke holding your gold.
There's nothing like a verify to smoke out the snakes.
Why would anyone in their right might allow those thieving conniving banksters at the Federale Reserve to posses and control your gold? That is nuts as nuts can be
When the tide goes out you find out who has been swimming naked -— Warren Buffet
If your gold is in my bank then it’s my gold not yours.
right mind not might
Your gold is in the New York Federal Reserve?
Sure it is.....
Wow... This is a very good idea. I’d love to see other states follow suit and see if the “Federal Reserve Bank of New York” has all the gold it claims it has.
I would love to know the chain of events that has the FR owning any US gold and holding it in their vault below the Federal Reserve Bank of NY which btw is the real Federal Reserve not those dopes and parasites in DC headed up by Ben Bernanke. How did the NY Fed come to have that gold that should be owned and controlled by the Treasury of THe United States.
How much US gold is owned by the FR and how much by the Treasury? It is said the USA has a 8,133.5 tons of gold. Who exactly is owning it?
YEP....he who has the gold, makes the rules....
Sure move our gold back to Texas.
Exchange black gold for gold gold.
We ship oil, you pay us in Gold.
Just in case? We already know how.
Think you gotta drill sample it.
No doubt one our prev damn dem Govs thought it was good idea to let Nuevo York hold it.
What would Texas do if they showed up at the Fed bank with a truck and the Fed said “no”?
I am well aware that WB father was a rock ribbed conservative hard money guy who served in the US Congress. WB is fiat money all the way.
The State that was once an independent republic that makes nukes up in the pan-handle is irrelevant?
You yankees sure know how to throw a party.
I think if it’s THERE...bring back to Texas.
Sadly, I’m not sure there is any gold there. Or any where else.
That would be an interesting thing to report on the evening news...
Which also has nukes.
Shut down the gas pipelines and freeze a yankee.
Actually, I did see on a news program (msm) a couple of years ago that there is no gold in the vaults.
Is it true? I sure don’t know. But it’s sure possible.
Worse comes to worse, yes. But if there is a nondestructive method that would be preferable.
X-ray, neutron activation, ultrasound, mechanical deformation (does the bar bend, twist, flex or stretch like solid gold?), sonority, center of gravity, something.
But its sure possible.
Yep. But denying Texas its gold would remove any doubt.
and Perry really thinks that the Gold is still there?
I’d laugh, only it ain’t funny.
That is assuming it still exists in the US. It’s more likely to be in China or Saudi Arabia.
But tungsten is nice, too.
Or is Perry calling them out?
If your grasp of the English language is as poor as it appears to be then I’ll help you out this one time.
That Texas (or any other state) builds nukes is irrelevant to the question of where they store their gold or whether they can obtain it on demand.
With fracking do the yankees need Texas?
What the hell, is wrong with you, boy?
Every state that owns gold should do the same thing. Keep it within the boundaries of the state. Every state needs to prepare to exist without Federal Handouts and using their own assets.
One day, the dollar is likely to just collapse. Any governor and state legislature that is not preparing for how to survive in that scenario is not fulfilling their duty.
Thats about 1560 gold bricks roughly 21.5 tons.
“What would Texas do if they showed up at the Fed bank with a truck and the Fed said no?”
The feds would not say “no” to Ranger Lone Wolf Mcquade. He would bust out his armpit uzis.
With questionable speculation practices (fear pushing, strained analyses, et al), instances of fake bullion being discovered, and housing the bullion in a State/City who cannot be trusted with freedom, it makes perfect sense to take possession of your bullion and keep it away from these financial bandits.
Well, since the feds hold it in a 'delegated trust' FOR the State, it means it belongs TO the State.
I believe refusing to give it back would be both theft and breach of contract.
However true, therefore, it may be, that the judicial department is, in all questions submitted to it by the forms of the Constitution, to decide in the last resort, this resort must necessarily be deemed the last in relation to the authorities of the other departments of the government; not in relation to the rights of the parties to the constitutional compact, from which the judicial, as well as the other departments, hold their delegated trusts.
James Madison, Report on the Virginia Resolutions
Hee, hee, hee!
DAMN RIGHT! We need to retrieve our gold and store it physically within the borders of the Republic of Texas.
It would not surprise me if all of the physical gold is not there and has been attached as collateral for some New York bank’s outstanding loans.
I’m a native Texan and I think it’s well past the time that we become our own free republic once again.
Perry has become a beacon of hope for us Texans.
I think that if you read the fine print, Texas might still be intact as a Republic that voluntary joined the Union and retains it’s national status.
The tried and true test is to bite it. If there are teeth impressions, it is likely gold. To test purity, use a touchstone.
The funny part about the Fed is they were willing to hold any gold deposits “free of charge” as long as an entity submitted a certain minimum weight. Nations, etc that couldn’t afford such insane physical security gladly gave it to the Fed to hold for “free”.